Chrysler became an American company again Friday as Cerberus Capital Management gained a controlling share from Chrysler's German owners and started on the long road to restoring the 82-year-old automaker's luster -- and profits.

Investment banks raising funds for the turnaround of Chrysler Group postponed a $12 billion debt offer after investors balked, so they will now fund the bulk themselves to keep the automaker's sale on track, people familiar with the matter said Wednesday.

Investment banks raising funds for the turnaround of Chrysler Group postponed a $12 billion debt offer after investors balked, so they will now fund the bulk themselves to keep the automaker's sale on track, people familiar with the matter said Wednesday.

It may be a little difficult for the skeptics to believe that Cerberus Capital Management LP can take over the struggling Chrysler Group, keep the same plan and management in place and make enough money to satisfy Cerberus' private equity investors.

Chrysler's 80,000 workers may pay the price for German-based parent DaimlerChrysler's decision on Monday to turn over the keys of its U.S. car company to private equity firm Cerberus Capital Management for $7.4 billion.

German police arrested a third suspect Friday in connection with a failed attempt to blow up two trains, while Lebanese authorities picked up a fourth man believed to have been involved, officials said.